I plan to buy a 15 thousand dollars car in next month. I would like to get a loan from my bank. How much down payment would most people pay for a 15 thousand dollars car?
How much should I pay for my down payment?
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500 or 1500
it all depends how good is ur credit…
If it doesn’t affect your interest rate and you can make your payments, then put down $0. If it does, I’d put down whatever the amount to get the lowest interest rate is.
Depends on your credit, your income, your other debt and so forth.
It sounds as if you dont have any of the above in which case, it could take $4000 down to buy a $15,000 car assuming your income is good enough.